As John Stewart explains, it’s telling that most of the major financial media outlets provided absolutely no coverage of the Blackstone Codere credit default swap scandal, but it is also not surprising when the entire economy is riddled with corporate malfeasance.  Gretchen Morgenson says that she is “buried in material”. Thus it is no surprise that Blackstone’s latest vulture capitalist exploits involving the Spanish gaming operator Codere received no coverage on the evening news. Perhaps, this is because they’re too busy not reporting on Blackstone’s latest attempt to expand their rental empire in Spain to add to their real estate treasure chest.

Corporate malfeasance is standard operation procedure in today’s fraud-based economy, and companies have become accustomed to paying a token penalty of their ill-gotten gains to keep corrupt regulators off their backs.  The problem with this setup of pay-for-play and bribery. As Stewart points out, we have more people in prison that the rest of the developed world combined, but corporations and their executives are apparently too good for criminal courts.

“Corporations can commit fraud, money-laundering, bribe enabled placebo-baby-drugging, and merely pay back a portion of their ill-gotten gains as the price of doing business.”